The Greedy Trader Weekly Analysis
Sign In Aug 10, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Quarterly Pattern:Rising Channel
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
AbbVie
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 38.2% retracement levelBroken trend resistance line
Daily :Lane's Stochastic is overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second consecutive positive week for the AbbVie (ABBV). During the week, the ABBV gained 5.97 points, or 6.59%, and closed at 96.53 on Friday, August 03, 2018. It was the best weekly gain since April 27, 2018. Weekly volume was -10% below average.

ABBV is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on October 22, 2015 at 45.45 and reached 125.86 on January 26, 2018. ABBV gained -80.41 points, or -176.92%, in 118 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See ABBV medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 125.86 and reached 86.76 on July 20, 2018. ABBV lost 39.10 points, or 31.07%, in 25 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (91.87) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ABBV may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 16, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See ABBV short-term trend chart]
A short-term uptrend had started on July 20, 2018 at 86.76 and reached 96.85 on August 3, 2018. ABBV gained -10.09 points, or -11.63%, in 14 days. Price is near the trend high.

Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.64
Williams' Percentage Range (W%R) 33.30
Lane's Stochastic (%D-Slow) 80.34
Overbought
Greed/Fear Indicator (GFI) 65.89
Moving Average Converg./Diverg. (MACD) -1.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.57
Williams' Percentage Range (W%R) 76.00
Lane's Stochastic (%D-Slow) 29.61
Greed/Fear Indicator (GFI) 33.51
Moving Average Converg./Diverg. (MACD) 0.03
Trading Signals
Description Value Chart
Upper Bollinger Band 99.27
Price 96.53
50 Day Moving Average 95.92
Daily Stochastic Crossing 95.79
Quarterly Trendline Resistance 94.76
20 Day Moving Average 93.79
Quarterly Trendline Support 91.87
Weekly Stochastic Crossing 91.33
Lower Bollinger Band 88.35
Parabolic System 87.63
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Major 134
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 86.76
Low Date 07/20/2018
High 96.85
High Date 08/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 98.95
High Date 07/10/2018
Low 86.76
Low Date 07/20/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 107.25
High Date 05/21/2018
Low 86.76
Low Date 07/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 94.76
Support 91.87
High 125.86
High Date 01/26/2018
Low 86.76
Low Date 07/20/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.45
Low Date 10/22/2015
High 125.86
High Date 01/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2016 All rights reserved.